Are you using your Dreamcloth cooldown? Wait what's Dreamcloth? You don't know about it? What! Dreamcloth is the new cataclysm special cloth that can be made by using one of every volatile, it's somewhat costly to make depending on the volatile, but it is very profitable if you use the dreamcloth to craft epic tailoring gear

Do you know that, right now, you can spend about 2,000g on making all 5 pieces of Dreamcloth for the week and craft an epic ilvl 359 tailoring piece that can sell for 10,000g+? No?

How does this work?
There are five different ways to make Dreamcloth. Each piece requires 30 of one volatile and can only be crafted once per week, there are 5 different Dreamcloth cooldowns, one for every volatile. Patterns cost 1 piece of Dreamcloth to buy, and 4 to craft.

If you were to buy every single volatile off the Auction House you could still make a nice profit ( ~500% ROI ) but you could also go out and farm your volatiles. Some are easier to farm than others, but you could also use the Alchemy transmutes to make those volatiles that are hard to get and costs a bit at the auction house *cough* Volatile Air

Where is the cloth vendor located?
The cloth turn in vendor is located in Twilight Highlands, you need to be at least 84 to get here, otherwise you will be phased out and cannot see the vendors, or anyone at all for that matter. Look at the map below, the cloth vendor can be found there.

Why should I do this?
As of right now epics are HUGE. People are trying to get the item level requirement for heroics and they need any and all gear. If you do craft one, you're going to make huge profits on them, trust me there are people out there that are willing to pay 10k+ for the current best in slot gear.

When you are lvl 84, the quest chain that unlocks the vendors starts on the message boards in Stormwind (and presumably Oggrimar) and includes several fast quests in Stormwind before sending you to Twilight Highlands.

The transport provided from SW to TH is much faster than it first appears, and I think may be NECESSARY for the quest chain. Don't hearth to Wetlands and fly in.

Even if you won't be lvl 84 for a while on your tailor, its probably a good idea to make the dream-cloths; even though in a few weeks the mats will undoubtably be cheaper.

1) The cloth is BoP, so you can't buy more in the AH when you are lvl 84, a storehouse of cloth will be useful

2) Crafting the cloth can get you 5 skill-points a week so you'll become 525 skilled by the time the vendors become available to you, without any extra expenditure. (at least in my case, there are no higher lvl things I'd want to make until I can get to the vendors, so waiting a few weeks to peg my tailoring skill is no hardship at all)

I agree with Neil, might as well start crafting away as soon as your tailor is able. (Unless it is a miner/herb until 85 alt.)

Due to levelers, the skillups in the 500+ are have me spending about 600g on mats to make something that sells for 200g. So if you have the time, you can save about 400g point on something you want to do anyway.

it's like the inscription forged documents; a cheaper way to level but slower due to cooldowns.

Note: Dream of destruciotn is not really viable except for one thing: Chaos Orbs are BoP. So if you are pugging then this recipe gives you an excuse to roll on the Chaos Orb against the BS & LW. nevitablely the CO will be common enough for people to use them but it will be quite a long time before my tailor has run that many heroics.

Sometimes I wish I wasn't in a raiding guild, so I can take advantage of the brand new expansion to further expand my gold reserves. But, in getting ready for raiding, our guildies are encouraged to donate all gathered mats to the guild, in order to get people's professions leveled up and crafted epics made. All Chaos Orbs, Dreamcloths, Truegold Transmutes, and the gear made from them are to stay in the guild. Being an officer and the main tank, I'm kind of expected to be a good example, so no gold making for me until raiding is well underway. So far I've probably spent about 50k this expansion, and made back about 10k from posting some glyphs when I'm not chaining heroics or grinding rep. Anyone else in the same boat?

I would highly suggest checking the current going price before you make any of these patterns. Some of the items might already be saturated in the AH. Making it harder to sell them and at a lower cost.

So you could spend 3K to 4K on mats to make these things and they sell for that much. That means no profit for you!